Oportun redeems $275M Series 2018-C Notes; appoints two new independent directors

Oportun Financial Corp

Redeemed Series 2018-C Notes for $275.0M on July 8, 2021; funded via secured facility, 2021-B securitization, and cash.
Appointed Ginny Lee and Sandra Smith as independent directors, expanding board to nine, effective Sept 1, 2021.
Ms. Lee was President/COO of Khan Academy; Ms. Smith former CFO of Segment (acquired by Twilio).
Each new director receives prorated $125K RSU award; annual cash compensation of $40K plus committee fees.
Board now includes 6 of 9 members identifying as women or persons of color.

item 1.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ginny Lee

Director

OPRT · Oportun Financial Corp

Effective: 2021-09-01
Filed: July 12, 2021, 7:59 PM ET

approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.

Appointed

Sandra Smith

Director

OPRT · Oportun Financial Corp

Effective: 2021-09-01
Filed: July 12, 2021, 7:59 PM ET

approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ginny Lee was appointed as Director at Oportun Financial Corp.

Action: appointed
Role: Director

Exact text from the filing

approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sandra Smith was appointed as Director at Oportun Financial Corp.

Action: appointed
Role: Director

Exact text from the filing

approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.

View on SEC.gov

Oportun Financial Corp filing history →

Source: SEC EDGAR

accession 0001538716-21-000137

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